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Q3 Mining Producer Inflation at 107.3%

Q3 Mining Producer Inflation at 107.3%
Q3 Mining Producer Inflation at 107.3%

The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, which marks the end of the third quarter of the current fiscal year, increased by 107.3% compared with the same period of the year before. 
According to the latest data released by the Statistical Center of Iran, the sector’s average PPI for the four-quarter period to Sept. 22, i.e., the end of Q2 of the current Iranian year, had increased by 116.1% year-on-year. 
The average annual producer inflation of the “coal extraction” subsector in Q3 was at 90% and those of “extraction of metal ores” and “extraction of other mines” subsectors were at 113% and 67.3%, respectively. 
The overall PPI of the mining sector (using the Iranian year ending March 2017 as the new base year) stood at 1,063.3 in Q3, indicating a 4.4% increase compared with the previous quarter and a 79.9% growth over the same quarter of last year. 
The quarter-on-quarter producer inflation of the “coal extraction” subsector was at 11.1% in Q3 and those of the “extraction of metal ores” and “extraction of other mines” subsectors reached 3.7% and 9.9%, respectively. 
The year-on-year producer inflation of the “coal extraction” subsector was 65.4% and those of the “extraction of metal ores” and “extraction of other mines” subsectors were 82.9% and 59.7%, respectively.

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